Adams, Nebraska Property Taxes
The median property tax rate in Adams, NE is 1.38%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Adams, the typical annual property tax bill reaches $4,028, exceeding the national median of $2,690. Property taxes in Adams are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Adams's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adams or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adams, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$4,038
-$42,323
Ownwell’s ADAMS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ADAMS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ADAMS to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Adams, Nebraska
Property taxes in Adams, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Adams's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68301 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Adams provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
1.38%
Average Johnson County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | 1.37% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Adams, Nebraska
In Adams, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Johnson County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Adams, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68301 has both the highest and lowest median tax bill, valued at $4028.
Average Adams Assessed Value
$292,640
Average Johnson County Assessed Value
$88,760
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | $204,365 | $237,468 | $292,640 | $347,811 | $380,914 |
Source: Ownwell
Property Tax Bills Across Adams, Nebraska
In Adams, located in Johnson County, NE, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by local county assessors and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, with a median home price of $292,640, homeowners can expect a tax bill that varies significantly depending on their property's specific assessed value. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Adams, the tax bill at the 25th percentile is around $3,276, while at the 75th percentile, it reaches approximately $4,779. At the 90th percentile, it can go up to $5,230. These variations highlight how different factors can significantly impact the final tax amount. For homeowners, understanding these elements is crucial, as higher property taxes can affect monthly mortgage payments and overall financial planning. Comparing these figures to the national median property tax rate of 0.99% can provide additional context for homeowners evaluating their property tax burdens.
Average Adams Tax Bill
$4,028
Average Johnson County Tax Bill
$1,604
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | $2,825 | $3,276 | $4,028 | $4,779 | $5,230 |
Source: Ownwell